Coinbase Addresses Solana Backlogs, CEO Pledges to Scale Infrastructure

• Coinbase has just lately skilled delays in Solana transactions, prompting a robust backlash from customers
• The CEO of Coinbase acknowledged the problem and shortly confirmed that it had been resolved
• The trade is attempting to enhance, it was added

Coinbase's Chief Govt Officer (CEO) just lately informed his followers on X that the platform's transaction points with Solana have been resolved and that enterprise can proceed as normal. He additionally apologized for the inconvenience, saying that the issues weren’t anticipated.

Backlogs and missed alternatives

Earlier this week, Coinbase customers reached out to X to complain about delays in Solana transactions, with some funds caught in “pending” standing for hours, ensuing within the lack of hundreds of thousands of funds.

Solana has change into an necessary basis for memecoins, that are the important thing story of this cycle. Coinciding with the inauguration of US President Donald Trump and the launch of two cash related to the president – $TRUMP and $Melania, the variety of transactions on Coinbase surged, resulting in community congestion affecting the well-known trade.

Responding to the complaints, Armstrong tweeted on January 19 that the crew was “now laborious at work scaling our Solana infrared sauna.”

“A variety of Solana exercise in the previous couple of days, we didn't count on this degree of enhance,” he added.

Three days later, Armstrong returned with an replace, saying that the backlog had been sorted and that transactions “must be producing once more rapidly.”

“In case your transaction was cancelled, please strive once more – sorry for the inconvenience,” Armstrong added.

Acceptance of accountability

Along with briefly restoring transaction pace, Armstrong additionally acknowledged a deeper drawback the trade has with Solana:

“It's clear that we have to step up our recreation on Solana, develop our infrastructure and supply native help for widespread use instances like DEX/memecoin buying and selling,” he emphasised.

The trade now goals to offer degree 1 help for Solana and be on par with Bitcoin, Ethereum and Base on this regard.

“The rise in exercise is nice for the ecosystem (and these are prime quality points), however in periods of excessive demand we have to do a greater job of serving our clients,” he concluded.